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All posts tagged "CBN"

  • CBNN CBNN CBNN
    Business3 weeks ago

    CBN Directs Banks to Enforce Multi-Factor Authentication for Foreign Card Transactions

    The Central Bank of Nigeria has directed banks and financial institutions to implement multi-factor authentication for foreign-issued card transactions exceeding set limits.

  • blue logo background blue logo background blue logo background
    Business4 weeks ago

    Dangote Group Appoints Former CBN Director Dr Mahmud Hassan as Group Chief Economist

    The Dangote Group has named renowned economist Dr Mahmud Hassan, former CBN Director, as its Group Chief Economist to provide strategic economic guidance...

  • cac pos cac pos cac pos
    Business4 weeks ago

    CBN Orders Dual Connectivity for PoS Transactions as CAC Moves to Clamp Down on Unregistered Operators

    The Central Bank of Nigeria has issued a one-month deadline for PoS operators to implement dual connectivity with NIBSS and UPSL, as the CAC....

  • CBN Sacks Directors CBN Sacks Directors CBN Sacks Directors
    Business1 month ago

    CBN Issues 82 New BDC Licences, Moves to Curb Unregistered FX Operators

    The Central Bank of Nigeria has confirmed that 82 Bureaux De Change (BDCs) have received final operating licences...

  • Kadoso CBN Kadoso CBN Kadoso CBN
    Business1 month ago

    BREAKING: CBN Removes Cash Deposit Limit, Raises Weekly Withdrawal to N500,000

    The Central Bank of Nigeria has scrapped its cash deposit limit and increased the weekly cash withdrawal ceiling to N500,000 for individuals...

  • CBN Raises Interest Rate To 24.75 CBN Raises Interest Rate To 24.75 CBN Raises Interest Rate To 24.75
    Business1 month ago

    CBN Confirms 16 Banks Fully Meet Capital Requirements, Recapitalisation Progresses

    The Central Bank of Nigeria (CBN) has confirmed that 16 commercial banks have fully met the revised regulatory capital requirements.

  • Cardoso MPC 2 Cardoso MPC 2 Cardoso MPC 2
    Business1 month ago

    BREAKING: CBN Holds Interest Rate At 27%

    The Central Bank of Nigeria (CBN) has maintained the benchmark interest rate at 27%, following the Monetary Policy Committee meeting held in Abuja.

  • Japa photo1 Japa photo1 Japa photo1
    News2 months ago

    Nigerians Spend N2.16 on Foreign Education in Six Months Despite Harsh Economy

    New CBN data shows Nigerians spent a staggering $1.39bn on overseas education in just six months of 2025 — even as the country earned nothing from...

  • minimum capital base minimum capital base minimum capital base
    Business2 months ago

    CBN Declares Zuldal Microfinance Bank Illegal

    The Central Bank of Nigeria has declared that Zuldal Microfinance Bank Limited is operating illegally without any licence or approval, urging Nigerians to avoid all dealings...

  • CBN Raises Interest Rate To 24.75 CBN Raises Interest Rate To 24.75 CBN Raises Interest Rate To 24.75
    Business2 months ago

    BREAKING: Nigeria’s FX Reserves Hit $46bn for First Time Since 2018

    Nigeria’s foreign exchange reserves have surged past $46 billion, marking the highest level since 2018, according to CBN Governor Olayemi Cardoso.